The Indonesian Ministry of Investment confirmed that several European countries—including EU and non‑EU members like Switzerland—have begun exploring cooperation following the signing of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU‑CEPA). Deputy for Investment Promotion Nurul Ichwan explained that while some IEU‑CEPA provisions apply to all EU members, others require bilateral agreements. These talks involve not only trade in goods but also potential investment collaborations, particularly in the F&B and renewable energy sectors.
The Ministry of Trade stated that IEU‑CEPA will eliminate up to 98% of tariffs and remove various trade barriers. The agreement is expected to be signed in 2026 and enforced by January 2027, benefiting sectors such as textiles, footwear, agriculture, and green technology. From January to July 2025, Indonesia-EU trade reached USD 18 billion, with a USD 4.4 billion surplus. Key exports included palm oil, copper ore, and leather footwear, while top imports were pharmaceuticals and industrial machinery.
